Home / FT Education/ APU Malaysia signs up to use Forestpin Analytics to enhance students’ learning experiences

APU Malaysia signs up to use Forestpin Analytics to enhance students’ learning experiences


Comments / {{hitsCtrl.values.hits}} Views / Thursday, 3 August 2017 00:01


1500Rimbun Forensic Advisory Sdn Bhd the partners representing Foresptin in Malaysia signed the MOA with APU to enhance the undergraduate and post graduate learning experiences on Forensic Accounting software. Forestpin Analytics is a Sri Lankan software used by large corporates in Sri Lanka like John Keells Holdings, Hemas Holdings and MAS Intimates to reduce operational risk. 

Forestpin compares new transactions such as purchase orders, payments, sales receipts with past transactions patterns using mathematical and statistical models to provide alerts and analytics on suspicious transactions. These often result in data entry corrections and process improvements.  Machine learning is used to enhance the relevance of alerts.  The software has been cited in a presentation at the American Accounting Association annual conference.

Asia Pacific University Malaysia (APU) is a part of the APIIT Education Group which has emerged over the years as one of Malaysia’s largest education groups addressing all levels of education. The Asia Pacific University of Technology and Innovation (APU) is amongst Malaysia’s premier private universities, and is where a unique fusion of technology, innovation and creativity works effectively towards preparing graduates for significant roles in business and society globally. 

APU has earned an enviable reputation as an award-winning university through its achievements in winning a host of prestigious awards at national and international levels, as well as an excellent track record in producing highly employable graduates who are able to immediately contribute to industry upon graduation. Originally established as the Asia Pacific Institute of Information Technology (APIIT) in 1993 and the Asia Pacific University College of Technology & Innovation (UCTI) in 2004, APU’s sound approach to nurturing school leavers into qualified professionals has resulted in  graduates being highly sought after by employers. 

With an international student community from more than 110 countries studying in its Malaysian campus, APU offers a truly cosmopolitan learning environment which prepares students well for the global challenges which lie ahead.

On a news release by APIIT Group Corporate Communications states, “As part of the MOA, students who are under Forensic Accounting-related programs will have access to the Forestpin Analytics software, an analytics software that is able to pick up discrepancies in data, which aids in better and simpler forensic investigations. This software will provide an experiential learning experience for the students, and they will better understand the basic operations of the Forensic Accounting industry and they will be able to possess knowledge in using industry-compatible tools and software to apply their skills in the relevant field. In addition, under the MOA, Rimbun Forensic Advisory will explore further areas of collaboration, including research in the forensic computing field.”

Rimbun Forensic Advisory Sdn Bhd is specialised boutique firm focusing on Prevention, Detection and Response to fraud related incidents and is a part of the Rimbun Group. Rimbun’s other areas of expertise include Corporate Recovery and Project Rehabilitation. They started as users of Forestpin Analytics in 2016 and later formed a partnership with Forestpin to promote Forestpin Analytics in the region.  


Share This Article


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Economic and regional issues upstage Hindutva plank in Indian State elections

Saturday, 15 December 2018

Results of the recently-concluded State Assembly elections in Rajasthan, Madhya Pradesh, Chhattisgarh, Telangana and Mizoram show that economic and regional issues have upstaged “Hindutva” – the ideology of the ruling Bharatiya Janata Party (BJ


Rationality of Sirisena’s irrationality

Saturday, 15 December 2018

Man becomes a little cog in the machine, and, aware of this, his one preoccupation is to become a bigger cog said Max Weber, the founding father of sociology. Maithripala Sirisena became a small cog after the 19th Amendment. Then he decided to be a b


The Pinguttara of our politics

Saturday, 15 December 2018

Tale of Pinguttara There is an interesting piece in the LankaEnews of 13 December that refers to President Maithripala Sirisena as a ‘Pinguttara.’ I like to pick up that idea and develop on that. ‘Pinguttara,’ is a term that is ascribed to so


Overcoming the crisis: The second freedom struggle

Friday, 14 December 2018

The crisis that has been developing in Sri Lanka, manifesting itself in varied forms at different times since independence, has now taken the form of a constitutional crisis, threatening the survival of the Sri Lankan State. Regardless of the Court


Columnists More